February 2021: Mont Belvieu, international propane spot prices

Each month, LP Gas provides updates on the U.S. propane market, as well as the latest trends. The data for February 2021 compares propane spot prices at Mont Belvieu to international prices. This month’s data comes from the U.S. Energy Information Administration.

Stock information for Ferrellgas and Suburban Propane is also provided.

PROPANE MARKET METRICS

Chart: U.S. Energy Information Administration

Strong international propane prices in East Asia and Northwest Europe were pulling U.S. propane exports and driving domestic prices higher as of mid-January, according to the U.S. Energy Information Administration.

STOCK WATCH

Company	12-month chart (as of January ’21)	Price (1/19/21)	Current Yield	52-Week Low	52-Week High	YTD Price Performance
Ferrellgas – FGP		$0.69	0.0%	0.14	0.95	(167.3%)
Suburban Propane – SPH		15.37	7.8%	8.64	22.87	(3.4%)

Source: Company data, FactSet and Wells Fargo Securities LLC

Note: Ferrellgas delisted from the New York Stock Exchange in January 2020 and now trades on the OTC Markets.

Featured image: iStock.com/MicroStockHub